A Stock You Should Be Looking At: Carter’s Inc. (NYSE:CRI)

The price of Carter’s Inc. (NYSE: CRI) closed at $73.56 in the last session, down -1.75% from day before closing price of $74.87. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 839727 shares were traded. CRI stock price reached its highest trading level at $75.17 during the session, while it also had its lowest trading level at $71.93.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

Ratios:

We take a closer look at CRI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.93.

Upgrades & Downgrades

On April 27, 2022, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $120 to $82.

Wedbush Upgraded its Neutral to Outperform on March 07, 2022, while the target price for the stock was maintained at $108.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 18 when CASEY MICHAEL DENNIS sold 41,798 shares for $75.00 per share. The transaction valued at 3,134,971 led to the insider holds 414,856 shares of the business.

Krugman Kendra sold 2,000 shares of CRI for $168,630 on Aug 17. The EVP, Merchandising and Design now owns 38,336 shares after completing the transaction at $84.31 per share. On Aug 05, another insider, Pivar Ben, who serves as the SVP, CIO of the company, sold 398 shares for $81.77 each. As a result, the insider received 32,544 and left with 12,119 shares of the company.

Valuation Measures:

As of this moment, Carter’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.06, and their Forward P/E ratio for the next fiscal year is 10.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 3.57.

Stock Price History:

Over the past 52 weeks, CRI has reached a high of $108.10, while it has fallen to a 52-week low of $62.65. The 50-Day Moving Average of the stock is 70.67, while the 200-Day Moving Average is calculated to be 80.05.

Shares Statistics:

According to the various share statistics, CRI traded on average about 691.86K shares per day over the past 3-months and 741.73k shares per day over the past 10 days. A total of 38.22M shares are outstanding, with a floating share count of 37.22M. Shares short for CRI as of Oct 13, 2022 were 2.35M with a Short Ratio of 2.81M, compared to 2.4M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.02% and a Short% of Float of 6.18%.

Dividends & Splits

The forward annual dividend rate for CRI is 3.00, which was 0.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 4.08%. The current Payout Ratio is 49.70% for CRI, which recently paid a dividend on Dec 08, 2022 with an ex-dividend date of Aug 31, 2022. Stock splits for the company last occurred on Jun 06, 2006 when the company split stock in a 2:1 ratio.

Earnings Estimates

The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.7 for the current quarter, with a high estimate of $1.82 and a low estimate of $1.61, while EPS last year was $1.93. The consensus estimate for the next quarter is $2.56, with high estimates of $3.13 and low estimates of $2.07.

Analysts are recommending an EPS of between $7.6 and $6.68 for the fiscal current year, implying an average EPS of $7.18. EPS for the following year is $7.76, with 8 analysts recommending between $8.75 and $6.42.

Revenue Estimates

A total of 7 analysts have provided revenue estimates for CRI’s current fiscal year. The highest revenue estimate was $3.34B, while the lowest revenue estimate was $3.26B, resulting in an average revenue estimate of $3.29B. In the same quarter a year ago, actual revenue was $3.49B, down -5.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.36B in the next fiscal year. The high estimate is $3.45B and the low estimate is $3.22B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.